Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Aastha Spintex Limited

Meeting Details

The 13th Annual General Meeting was held on Wednesday, September 16, 2026. The meeting type was AGM (Annual General Meeting). The meeting started at 03:30 PM and ended at 03:59 PM.

Proposed Resolutions and Implications

Nine resolutions were proposed and approved at the AGM:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-26, together with Reports of the Board of Directors and Auditors (Ordinary Resolution)

2. Re-appointment of Shri Jashvantbhai Valjibhai Patel (DIN: 00038972) as Director liable to retire by rotation (Ordinary Resolution)

3. Declaration of dividend of ₹0.10 per equity share of ₹10 each for FY 2025-26 (Ordinary Resolution)

4. Appointment of M/s. S N D K & Associates LLP, Chartered Accountants, as Statutory Auditors for a term of five consecutive years (Ordinary Resolution)

5. Ratification of remuneration payable to Cost Auditors for FY 2026-27 (Ordinary Resolution)

6. Appointment of Shri Utsav Himanshu Trivedi (DIN: 10185472) as an Independent Director of the Company (Special Resolution)

7. Increase in Authorised Share Capital and consequential alteration of the Memorandum of Association (Ordinary Resolution)

8. Appointment of M/s. Utkarsh Shah & Co., Practising Company Secretaries, as Secretarial Auditors for a term of five consecutive years (Ordinary Resolution)

9. Issue of Bonus Equity Shares by capitalisation of reserves (Ordinary Resolution)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting period: Saturday, September 12, 2026 (9:00 a.m.) to Tuesday, September 15, 2026 (5:00 p.m.)
  • E-voting during AGM on September 16, 2026

The cut-off date for determining members entitled to vote was Wednesday, September 9, 2026. The company used the electronic voting platform of Bigshare Services Private Limited (Event ID: 1306).

Key Voting Outcomes

Overall Participation:
  • Total number of shareholders on record date: 36,543
  • Total votes cast across all resolutions: Approximately 28.7-28.8 million shares
  • Overall participation rate: ~65.1% of outstanding shares
Resolution-wise Results:

Item 1 - Adoption of Financial Statements

  • Total votes: 166 members, 28,738,056 shares (100% approval)
  • Remote e-voting: 164 members, 28,737,771 shares
  • E-voting during AGM: 2 members, 285 shares

Item 2 - Re-appointment of Director

  • Total votes: 165 members, 28,737,946 shares
  • In favor: 161 members, 28,737,235 shares (99.98%)
  • Against: 4 members, 711 shares (0.02%)

Item 3 - Declaration of Dividend

  • Total votes: 168 members, 28,740,256 shares
  • In favor: 167 members, 28,739,596 shares (99.98%)
  • Against: 1 member, 660 shares (0.002%)

Item 4 - Appointment of Statutory Auditors

  • Total votes: 166 members, 28,739,486 shares
  • In favor: 165 members, 28,739,376 shares (99.99%)
  • Against: 1 member, 110 shares (0.001%)

Item 5 - Ratification of Cost Auditors' Remuneration

  • Total votes: 167 members, 28,739,596 shares (100% approval)

Item 6 - Appointment of Independent Director

  • Total votes: 165 members, 28,737,946 shares
  • In favor: 162 members, 28,737,245 shares (99.98%)
  • Against: 3 members, 701 shares (0.02%)

Item 7 - Increase in Authorised Share Capital

  • Total votes: 166 members, 28,740,046 shares (100% approval)

Item 8 - Appointment of Secretarial Auditors

  • Total votes: 166 members, 28,739,484 shares
  • In favor: 165 members, 28,739,374 shares (99.99%)
  • Against: 1 member, 110 shares (0.001%)

Item 9 - Bonus Share Issue

  • Total votes: 168 members, 28,740,256 shares (100% approval)
Shareholder Category Breakdown:

The detailed breakdown shows:

  • Promoter and Promoter Group: 23,486,509 shares (100% voted in favor across all resolutions)
  • Public Institutions: 166,709 shares (100% voted in favor across all resolutions)
  • Public Non-Institutions: 20,488,972 shares (24.8-24.9% participation, predominantly in favor)

Scrutinizer's Role and Findings

Utkarsh Shah of Utkarsh Shah & Co. (FCS No. 12526, CP No. 26241) was appointed as scrutinizer by the Board of Directors on August 25, 2026. His responsibilities included:

  • Scrutinizing the e-voting process conducted through Bigshare Services Private Limited
  • Verifying data and reports generated from the voting system
  • Ensuring a fair and transparent voting process

The scrutinizer confirmed that all resolutions were passed with requisite majority and that the voting process complied with applicable regulations.

Compliance with Laws and Regulations

The voting process was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings (SS-2)
  • MCA General Circular No. 03/2025 dated September 22, 2025

Additional Information

  • The company published public notice in "Financial Express" Ahmedabad Edition in English and Gujarati
  • Total outstanding shares: 44,142,190
  • All voting records will remain in the scrutinizer's custody until minutes are approved and signed by the Chairman